According to the public record, 3A, Vectis Way, Portsmouth is a modern leasehold apartment and with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 3, Vectis Way, Cosham, Portsmouth, PO6.
Vectis Way, Cosham, Portsmouth, PO6 is located within the PO6 postal district.
3A, Vectis Way, Portsmouth has a single entry in the Land Registry database from March 2021 and 2 entries in the EPC database, most recently in November 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 3A Vectis Way Portsmouth as £175,414 and the rental value as £985 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 3A Vectis Way Portsmouth has increased by £5,751 (3.3%) and its rental value has increased by £70 per month (7.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 3A, Vectis Way, Portsmouth is in very good condition we estimate a sale value of £184,185 and rental value of £1,034 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £163,135 and a rental value of £916 per month.
If you were able to purchase this property for the estimated value of £175,414, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £862 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 3A, Vectis Way, Portsmouth was last sold on 26 Mar 2021 for £170,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 10.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3A, Vectis Way, Portsmouth within a radius of 16m over the last 2 years.
The most recent example is 1B, Vectis Way, Portsmouth, PO6 3FW, a Leasehold flat which sold for £174,000 in Sep 2023.
Read more about house prices in PO6.
Vectis Way, Cosham, Portsmouth, PO6 has a total of 38 addresses. According to our analysis of all the public data, 3A, Vectis Way, Portsmouth is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £136k less expensive than the average property in PO6.
3A, Vectis Way, Portsmouth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Nov 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using an electric boiler and radiators.
The closest station to 3A, Vectis Way, Portsmouth is Cosham station which is 200 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 3A, Vectis Way, Portsmouth, 62.6% of property is privately rented and 15.8% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3A, Vectis Way, Portsmouth, 14.4% of residents are recorded as possessing school level qualifications and 34.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3A, Vectis Way, Portsmouth, the average age was 36.7 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3A, Vectis Way, Portsmouth, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3A, Vectis Way, Portsmouth, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.